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Corporate fraud drives uptake of directors' and officers' coverages

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Sai Venkateshwaran, head of accounting advisory services at KPMG India Pvt. Ltd., said that local companies are increasingly buying directors' and officers' insurance amid a rise in corporate fraud, The Smart Investor reported. Data showed that more than 1,000 independent directors have quit since January 2017 due to accounting discrepancies and compliance related to global anti-corruption laws.

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